Chinese Purchase Montreal Homes

Home purchases in Montreal made by Chinese have taken off for the past 18 months. There has been an increase in direct flights between Montreal and Beijing, and when the Chinese are coming to Canada, David Mellor, who owns three Royal LePage offices in Montreal, believes “It’s certainly just not for tourism.” “For the most part, the Chinese are coming here for the schools — for their children. They pick out a few schools, and they seem to be spreading the word among themselves,” states Mellor. Further, many Chinese people are purchasing upwards of four houses, living in one, and renting out the others as an investment.

Shanghai Business Review is the leading English language website and print magazine for business leaders conducting business in China.

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